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Dole Industries Had the Following Inventory Transactions Occur During 2014

Question 228

Multiple Choice

Dole Industries had the following inventory transactions occur during 2014: Dole Industries had the following inventory transactions occur during 2014: The company sold 204 units at $126 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $2,000, what is the company's after-tax income using LIFO? (rounded to whole dollars) A) $4,176 B) $4,323 C) $3,349 D) $2,923 The company sold 204 units at $126 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, and operating expenses of $2,000, what is the company's after-tax income using LIFO? (rounded to whole dollars)


A) $4,176
B) $4,323
C) $3,349
D) $2,923

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